The proportion of basic old-age insurance premium collection: According to the Decision of the State Council on Establishing a Unified Basic Old-age Insurance System for Enterprise Employees.
The proportion of basic old-age insurance premiums paid by enterprises (hereinafter referred to as enterprise contributions) generally does not exceed 20% of the total wages of enterprises (including those included in personal accounts), and the specific proportion is determined by the people's governments of provinces, autonomous regions and municipalities directly under the Central Government. A few provinces, autonomous regions and municipalities directly under the Central Government should report to the Ministry of Labor and the Ministry of Finance for approval if it is really necessary to exceed 20% of the total wages of enterprises because of the large number of retirees and the heavy burden of endowment insurance. The proportion of basic old-age insurance premiums paid by individuals (hereinafter referred to as individual contributions) shall not be less than 4% of my contributions in 1997, and shall increase by 1 percentage point every two years from 1998, and finally reach 8% of my contributions. In areas where conditions permit and in years when wages increase rapidly, the growth rate of individual contributions should be appropriately accelerated.
The State Council is very clear that individuals pay 8% of their wages.
The collection ratio of basic medical insurance premium: It shall be implemented in accordance with the Decision of the State Council on Establishing the Basic Medical Insurance System for Urban Workers.
The basic medical insurance premium is paid by both the employer and the employee. The employer's contribution rate should be controlled at about 6% of the total wages of employees, and the employee's contribution rate is generally 2% of his salary income. With the development of economy, the contribution rates of employers and employees can be adjusted accordingly.
Unemployment insurance premium collection ratio: implemented in accordance with unemployment insurance regulations.
Urban enterprises and institutions pay unemployment insurance premiums at 2% of total wages. Workers in urban enterprises and institutions pay unemployment insurance premiums at 0% of their wages. Farmers contract workers recruited by urban enterprises and institutions do not pay unemployment insurance premiums. The people's governments of provinces, autonomous regions and municipalities directly under the Central Government may, with the approval of the State Council, appropriately adjust the unemployment insurance rates in their respective administrative regions according to the number of unemployed people and the amount of unemployment insurance funds.
Collection ratio of work-related injury insurance premium: according to the Trial Measures for Work-related Injury Insurance for Enterprise Employees.
Industrial injury insurance premiums are paid by enterprises according to a certain proportion of the total wages of employees, and individual employees do not pay industrial injury insurance premiums. Work-related injury insurance premiums are subject to different rates according to the casualty risks and occupational hazards of various industries. The labor administrative department shall evaluate the safety and health status of the enterprise in the previous year and the cost of work-related injury insurance, appropriately adjust the work-related injury insurance rate of the enterprise in the next year, and implement a floating rate.
Proportion of collection and payment of maternity insurance premium: according to the Trial Measures for Maternity Insurance for Enterprise Employees.
The proportion of maternity insurance premium is determined by the local people's government according to the number of family planning, maternity allowance, maternity medical expenses and other expenses, and can be adjusted in time according to the expenses, but the maximum shall not exceed 0% of the total wages. Maternity insurance premiums paid by enterprises are included in the management expenses of enterprises as the period expenses. Self-employed workers do not pay maternity insurance premiums.